the municipal secretary desktop reference manual - Southwestern ...

esolution-A decision, opinion, policy or directive of a municipality expressed in a formally
drafted document and voted upon.
retained limit-A deductible amount specified in the insurance policy.
restrictive covenant-A limitation on the use of land usually set forth in the deed. (Usually
runs with the land and is binding upon subsequent owners of the property)
retention schedule-See records schedule.
revenue debt-Debt that is secured by pledges of specific revenues, usually those generated
by the facility purchased or constructed by the debt.
right-of-way-Strip of land owned by a government agency over which the public has right of
passage such as streets, parkways, medians, side walks, easements and driveways
constructed thereon.
Road Turnback Program-A program of PennDOT, by which state-owned roads are turned
back to the local municipality, usually accompanied by a contract to rehabilitate said road
with special liquid fuels monies; annual maintenance funding for these roads is at a greater
rate.
sanitary sewers-Pipes that carry only domestic or commercial sewage and into which storm
, surface and ground waters are not intentionally admitted.
Section 8-Federal low income housing.
self insurance-Setting aside of funds to meet losses, and accumulation of a fund to absorb
fluctuations in the amount of loss and the losses being charged against the accumulated
funds.
self-liquidating debt-Any debt of the municipality which is payable solely from rents, rates
or charges on users of facilities financed by such debt; any debt payable solely from special
levies or assessments of benefits earmarked exclusively for the purpose of repaying the debt.
Portions of all three major types of debt (general obligation, revenue, and lease rental) may
be classified as self-liquidating.
separation of specifications-A requirement by the Separation Act that there shall be
separate specifications and bids for particular categories of work in the construction of a
public building. (Typically: general construction, heating/ventilating/air conditioning,
plumbing and electrical)
service exchange-An informal agreement by which one community performs a service for a
neighboring jurisdiction in exchange for a service (see Agility Program)
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